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Preliminary Activity

The document discusses the characteristics and principles of cooperatives. It provides details about different types of cooperatives and their purpose of addressing members' needs through collective effort. Cooperatives encourage inclusiveness, democratic governance, and fair distribution of gains/losses based on participation level. Fairness is valued over profit maximization due to their community focus.

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14 views7 pages

Preliminary Activity

The document discusses the characteristics and principles of cooperatives. It provides details about different types of cooperatives and their purpose of addressing members' needs through collective effort. Cooperatives encourage inclusiveness, democratic governance, and fair distribution of gains/losses based on participation level. Fairness is valued over profit maximization due to their community focus.

Uploaded by

jemaewiggin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Preliminary Activity

Watch the video “Ano ang Kooperatiba?”. You can access the video through this link:

Share your reflection on the distinctive characteristics of the cooperative.

A cooperative is an organization united by a common objective: securing their financial needs. It


comes into existence due to shared interests or collective financial obligations. This collective
effort arises from a shared necessity, with the cooperative's primary purpose being to address
its members' requirements. Various cooperative models exist, including credit cooperatives,
which provide loans or investment opportunities, consumer cooperatives, which gather and
distribute products to both members and non-members, and producer cooperatives, established
to enhance production and sales, typically in industrial or agricultural sectors. Additionally,
multipurpose cooperatives combine two or more cooperative types. Furthermore, there are
various other cooperative variants, such as agrarian reform cooperatives, cooperative banks,
dairy cooperatives, and more. Cooperatives have a positive impact on people's lives, whether in
the Philippines or elsewhere. Cooperatives are distinct from other business organizations
because of their distinctive traits. First of all, they encourage inclusivity without discrimination by
allowing individuals to join voluntarily. They also have a democratic control structure that
promotes collective governance by giving each member an equal voice in decision-making.
Thirdly, members take an active role in the economy by making financial contributions and
sharing in gains or losses according to their level of participation, ensuring that rewards are
distributed fairly. The autonomy and independence that cooperatives value most enable them to
customize their operations to the needs of their members. Additionally, they place a strong
emphasis on education and training to give members more power, and they frequently work with
other cooperatives to strengthen their overall impact. Fairness is typically valued over profit
maximization in cooperatives because they typically have a strong community focus and seek to
support local development. Cooperatives are a special type of business model focused on the
needs of its members and the community; as a result of these distinctive characteristics.
Assessment Task 1: Discussion Forum/Recitation on connecting the definition of cooperative
as applied to real-life settings.

1. Are you a member of a group? Perhaps you’re a member of a choir, dance troupe, or a
barkada. What made you join this group?

I am part of a barkada, which consists of our circle of friends. I became a member of this
group primarily because I can be completely authentic when I'm with them. I find comfort
in their company, and I can temporarily set aside or find solace in the face of life's
challenges because they are the ones who uplift me and steadfastly support me when I
require someone to rely on. This gathering of my friends naturally evolved over the years
as our friendship deepened. Like in Cooperative they are the one you can rely on when
you are in need of funds, you can borrow to anytime.
2. Do you share a common interest with your group members?

Certainly, our shared interests, pastimes, and experiences create a strong bond between
us, allowing for mutual understanding and a deep connection. This principle of shared
interests is akin to the foundation of cooperatives, where a common interest is the driving
force behind their formation.
3. How did your group start? Who formed your group?

Our barkada came together naturally over the years, and we didn't even realize we had
become a close-knit group of friends. Barkadas typically take shape in a casual manner,
often stemming from preexisting friendships or social connections. It's not always a single
person who intentionally "creates" the group; rather, it evolves from the interactions and
relationships among its members. Not unlike in the context of cooperatives, forming a
group revolves around having shared interests.
Assessment Task 2 - Case Study: Growing with My Cooperative

Tasks:

a. What are the qualities that make Felimon Fuentes a good member? For each of the
qualities enclosed in parenthesis, the associated principles and/or values.

b. Identify the important things he did that made him succeed as a member.

Qualities that Contribute to Felimon Fuentes' Exceptional Membership:


a. Proactiveness and Business Acumen (Guiding Principle: Self-help): Felimon demonstrated
proactiveness by venturing into the tricycle business to bolster his income, aligning with the self-
help principle, which encourages individuals to take initiative in improving their financial
situations.
b. Dedication and Reliability (Core Value: Responsibility): His unwavering commitment to
depositing earnings into the cooperative and consistently fulfilling installment payments reflects
a profound sense of responsibility, a core value that underscores the importance of fulfilling
financial obligations.
c. Financial Prudence and Frugality (Core Value: Thrift): Felimon's practice of financial
discipline, including prudent saving and astute budgeting, is indicative of thriftiness. He also
instilled these values in his children, fostering a culture of thrift within his family.
d. Community Spirit and Cooperation (Core Value: Cooperation): Through the transfer of tricycle
ownership to drivers, Felimon epitomized cooperation and community-mindedness, aiding other
community members in obtaining their tricycle units.
Key Initiatives that Underpinned His Achievements:
a. Initiating a Tricycle Enterprise: Recognizing the potential in the tricycle business, Felimon
took proactive steps to invest in it, serving as the cornerstone of his financial success.
b. Strategic Utilization of Cooperative Loans: He demonstrated sound business acumen by
using cooperative loans to finance his tricycle acquisitions, reflecting a well-thought-out
approach to business expansion.
c. Maintaining an Impeccable Cooperative Record: His consistent financial transactions and
responsible conduct earned him a stellar reputation within the cooperative, which, in turn,
facilitated his access to additional loans.
d. Family Collaboration: Collaborating with his wife, who managed a small convenience store,
and imparting financial prudence to his children significantly contributed to the overall financial
well-being of his family.
e. Philanthropic Endeavors: The transfer of tricycle ownership to drivers not only assisted fellow
community members but also enabled him to oversee a substantial fleet of tricycles.

4. In not more than 100 words, write a brief explanation of your illustration.

Concise Rationale for the Illustration:


Felimon Fuentes serves as an outstanding role model for cooperative membership. His
embodiment of qualities such as proactiveness, financial responsibility, community-mindedness,
and cooperation align with the fundamental principles and values of cooperatives. His
achievements are the result of astute business decisions, cooperative financing strategies, and
a strong commitment to financial obligations. This illustration underscores how these qualities
and actions have paved the way for his financial prosperity and enabled him to make a positive
impact on his community through his philanthropic efforts.
Assessment Task 3: Short Answer Quiz on the General Concepts and Principles of
Cooperative

Instructions: Write TRUE if the statement and correct, and write FALSE if it is wrong.

TRUE 1. Rev. Fr. Franklin G. Picio, MS, President, and representative of the University of
La Salette, Inc, can be admitted as a member of Our Lady of La Salette Multi-Purpose
Cooperative.

FALSE 2. As presented in the discussion, cooperative promotes service, but not charity.

TRUE 3. A cooperative as an autonomous association must comply only with the mandates
and provisions of the Cooperative Development Authority.

TRUE 4. Members must contribute to the capitalization of the cooperative. With the desire of
someone to help the cooperative, they may share capital of any amount they desire.

FALSE 5. A cooperative is formed because of credit.

FALSE 6. Cooperative values include self-help, self-responsibility, democracy, autocratic,


and business-minded

FALSE 7. The primary capital of cooperatives is through donations.

FALSE 8. In cooperatives, membership is forced.

TRUE 9. Cooperatives are owned, managed, and patronized by the members.

TRUE 10. In cooperatives, the members are the owners.

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